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Short-term volatility awaits news to guide the direction, medium-term looks at the final frenzy before balance sheet reduction, long-term bearish outlook anticipates a retest of the bottom in the bear market.
Our interpretation of last week's trend was completely correct, and the strategies for BTC and ETH have been consistently successful.
The day before yesterday, during the peace agreement positive news and the upward trend, ETH was fluctuating between 2120-2130. I posted a message advising to short; if it doesn't land, it will retrace. Yesterday, it also dipped to a low of 2060. Abu also successfully guided everyone to take the short position.
After 2060, a rebound and then sideways movement northward occurred, which is a bullish expectation as the peace agreement gradually materializes. If it materializes, expect a move north to 2220-2260; if not, it will range sideways with a battle between bulls and bears. During this period, taking some long positions is fine.
From late June to July, balance sheet reduction may occur. Our strategy is to buy on the rise in positive conditions and prepare to short in advance.
For real-time trading suggestions, ETH: 2082 (long) - 2091 (long) - 2128 (short) - 2152 (short), range-bound, short-term trades, always be cautious of news impacts!!
1 Subscribe to me: You’ll get my complete market analysis and organized trading thoughts—so that, following my approach, your odds of getting whole-trade profit from the full entry-to-exit will be higher.
2 Trade with me: I don’t trade on just one platform. I have my own main account, and I also run signal accounts across different platforms. Your trades may not capture the full profit from the whole trade, but I will guarantee a win rate and a monthly return of over 30%.
3 Personal advice: If you have the ability, I still recommend subscribing—this way your understanding of my thoughts and the market will be clearer. Also, if you’re copy-trading, just follow normally; if you can’t keep up, don’t join. If you do join, don’t make random moves.